FOR SALE
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48 Ernest Street
Innisfail QLD 4860

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 489m2
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Commercial Building with Unit

This valuable property with Bruce Highway exposure, features a penthouse-type unit upstairs. Downstairs, on the ground floor, is rented to a local successful eatery, the Bedrock Cafe.
The penthouse-type unit rented for $550 per week includes 4 bedrooms, is fully air-conditioned and includes numerous built-in cupboards. The unit has private patio.
There is a double lock up garage and the plentiful off-street parking has electric security gates.
Unit - 189m2
Patio - 30m2
Garage - 40m2
Bedrock Cafe, occupies the ground floor, current rent is $1,528.36 inc GST per month. Market review July. Internal area - 230m2.
Total income for the property is $46,940 per annum inc GST.
For more information, please contact John Strano.

Property Details for 48 Ernest St, Innisfail

Building Type
Commercial
Floor Size
489m2

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About Innisfail 4860

The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2011 was 1,075 people. By 2016 the population was 1,137 showing a population growth of 5.8% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation. In 2011, 35.4% of the homes in Innisfail were owner-occupied compared with 32% in 2016.

Innisfail has 886 properties. Over the last 5 years, Houses in Innisfail have seen a 81.65% increase in median value, while Units have seen a 58.14% increase. As at 31 October 2024:

  • The median value for Houses in Innisfail is $286,061 while the median value for Units is $314,516.
  • Houses have a median rent of $325 while Units have a median rent of $285.
There are currently 34 properties listed for sale, and 17 properties listed for rent in Innisfail on OnTheHouse. According to CoreLogic's data, 20 properties were sold in the past 12 months in Innisfail.

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John Strano
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CAMPBELL REAL ESTATE NQ
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